C.H. Robinson Worldwide (NASDAQ:CHRW) Shareholders Notch a 6.0% CAGR Over 5 Years, yet Earnings Have Been Shrinking
C.H. Robinson Worldwide (NASDAQ:CHRW) Shareholders Notch a 6.0% CAGR Over 5 Years, yet Earnings Have Been Shrinking
The main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share price rise faster than the market. Unfortunately for shareholders, while the C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) share price is up 19% in the last five years, that's less than the market return. Zooming in, the stock is up just 4.1% in the last year.
长期投资的主要目的是赚钱。此外,你通常希望看到股价比市场上升得更快。不幸的是对于股东来说,虽然C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) 股价在过去五年中上涨了19%,但比市场回报率低。具体地看,股票在最近一年中仅上涨了4.1%。
After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.
在过去的一周之内,获得的强劲收益是否表明了长期回报受到基本面的推动值得关注。
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
沃伦·巴菲特在他的文章《格雷厄姆与多德维尔的超级投资者》中描述了股票价格并不总是合理地反映了一家企业的价值。考虑市场对一家公司的看法如何转变的一种不完美但简单的方法,是将每股收益(EPS)的变化与股价的动态进行比较。
During five years of share price growth, C.H. Robinson Worldwide actually saw its EPS drop 11% per year.
在股价增长的五年中,C.H. Robinson Worldwide 的每股收益实际上下降了11%。
The strong decline in earnings per share suggests the market isn't using EPS to judge the company. Given that EPS is down, but the share price is up, it seems clear the market is focussed on other aspects of the business, at the moment.
每股收益的大幅下降表明市场并未使用EPS来判断公司。鉴于EPS下降,但股价上涨,似乎市场眼下专注于业务的其他方面。
On the other hand, C.H. Robinson Worldwide's revenue is growing nicely, at a compound rate of 5.8% over the last five years. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment.
另一方面,C.H. Robinson Worldwide 的营业收入正在以5.8%的复合率增长,目前管理层很可能优先考虑营业收入的增长而不是每股收益增长。
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
您可以看到以下收益和营收的变化情况(通过单击图像了解精确值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240802/0-5243f1de5e8ba0eb9ce7a08048e6ef91-0-db49d83da466d4153303ea9264873d42.png/big)
We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. This free report showing analyst forecasts should help you form a view on C.H. Robinson Worldwide
我们认为内部人士在过去一年中进行了重要的购买是积极的。即便如此,未来的收益对于当前的股东是否赚钱更为重要。这份免费的报告显示分析师的预测,应该可以帮助您形成关于C.H. Robinson Worldwide的观点。
What About Dividends?
那么分红怎么样呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, C.H. Robinson Worldwide's TSR for the last 5 years was 34%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
在考虑投资回报率时,重要的是要考虑总股东回报(TSR)和股价回报之间的差异。 TSR包括任何分拆或折价融资的价值,以及基于股息再投资的任何股息。因此,对于支付丰厚股息的公司,TSR通常比股价回报要高得多。恰好C.H. Robinson Worldwide过去5年的TSR为34%,超过前面提到的股价回报。而且毫无疑问,股息支付主要解释了这种分歧!
A Different Perspective
不同的观点
C.H. Robinson Worldwide provided a TSR of 7.1% over the last twelve months. Unfortunately this falls short of the market return. On the bright side, that's still a gain, and it's actually better than the average return of 6% over half a decade This suggests the company might be improving over time. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Take risks, for example - C.H. Robinson Worldwide has 2 warning signs we think you should be aware of.
C.H. Robinson Worldwide在过去12个月内提供了7.1%的TSR。不幸的是,这比市场回报率低。光明面是,这仍然是一个收益,并且实际上比半个十年的平均收益率6%还要好。这表明公司可能随着时间而改善。我发现长期股价作为业务表现的代理非常有趣。但是要真正获得深入的见解,我们还需要考虑其他信息。例如,承担风险 - C.H. Robinson Worldwide有2个警示标志,我们认为您应该知道。
C.H. Robinson Worldwide is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket.
C.H. Robinson Worldwide不是唯一一个内部人士购买的股票。对于那些想要找到不太知名的公司的人,这个免费的增长公司列表,其中包括最近进行内部人士购买的公司,可能是一个好选择。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文所引述的市场回报反映了目前在美国交易所上市的股票的市场加权平均回报。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。